Tag Archive | "economy"

Homeless Economist Doubts Change in Fed Monetary Policy Can Save Him

WASHINGTON – Embattled Federal Reserve chairman Ben Bernanke’s position on the limited ability of the Fed to stimulate the nation’s sluggish economy was vigorously defended today by a homeless and badly undernourished former expert on monetary policy.

Arthur Peterson, a 58-year-old unemployed economist who is unable to remember the last meal he ate, said he agrees with Bernanke’s assessment and doubts that any attempt by the agency to bolster short-term economic growth would be sufficient to prevent him from starving to death by the end of this week. Read the full story


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Bernanke Claims Quantity Not Quality Goal of New Stimulus Plan

In a shocking move this morning, Federal Reserve Chairman Ben Bernanke announced yet another new plan to stimulate the US economy with what has been labelled ‘Quantative Easing Number Six Thousand Eight Hundred and Forty Seven.’

“Clearly the other six thousand eight hundred and forty six stimulus attempts have not had the desired effect of boosting the economy and increasing our employment rates,” remarked chairman Bernanke to a room full of unemployed journalists who’d run out of benefits and had nowhere else to be. Read the full story


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Invisible Hand Sees its own Shadow, Two More Fiscal Quarters of Economic Downturn

New York, NY– On wall street today, the opening bell signaled one of the institution’s more macabre traditions, releasing the invisible hand, to determine whether it can see its own shadow or not. This tradition dates back to Adam Smith’s initial inception of the Invisible Hand. Ever since Smith coined the term in his work The Theory of Moral Sentiments, economic policy makers have captured the Invisible Hand and subject it to what is known in the meteorological field as “the shadow test.”

Al Roker explains “The [shadow] test is one of the most hallowed scientific institutions of all time. Groundhogs prove to be the most useful in meteorology, but a wide array of shadows can be used to determine a number of different unforeseen outcomes. Unfortunately for Wall Street, the Invisible Hand has seen its shadow quite regularly for the past decade.”

It has been reported that the primary reason for Austan Goolsbee’s inability to properly ascertain rises and falls in the economy, ultimately leading to his resignation, was in most part due to his disbelief in this sacred practice.

“Austan’s a smart guy, but there are some things that just work,” explains Paul Krugman, Nobel Prize-winning Professor of Economics at Princeton University.

“The shadow test lets us build a road map for the year to come. Without it, we would all be pretty much shooting in the dark. How in the hell are we supposed to know what people are going to do with their money? Just the other day I bought a Kindle when I already had a Nook, who does that?”

Economic policy makers in the White House have already been hard at work to limit the effects forecast by the Invisible Hand, but has met stern opposition from Tea Party members. Rep. Paul Ryan (R-Wis) has been one of President Obama’s most outspoken critics. Ryan asserts that “Obama can’t possibly think he’s powerful enough to take on the Invisible Hand of Economics. I mean, it has built and destroyed empires. The Invisible Hand will always prevail against socialist tyrants, all hail the Invisible Hand.”

Despite the ominous warnings issued by the 18th century metaphor, Americans seem to be optimistic. A recent Gallup Poll showed that only 3 percent of Americans believed that they believed the hand’s predictions to be true while the other 97 percent responded “invisible what? Is it like a stranger?”

So far, reports have not been confirmed that another shadow test will be administered any time soon. Krugman continued, “This is science, you can’t just try it over again to see if you get different results. That’s not how reproducible observation works. That would be like using a Magic 8 Ball.”


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Obama Boldly Removes Aioli Spreads from White House Menu

WASHINGTON DC—In an effort to prove that decreasing the U.S. deficit will require shared sacrifices, President Obama announced on Tuesday that he will eliminate aioli spreads from the White House Menu.

“Let me be clear. We are not limiting these cuts to the traditional Garlic aioli,” the President told a group of reporters at the White House on Tuesday afternoon, “No. We’re cutting all kinds of aioli—Chipotle, Basil, Dill, Tarragon, even Mint, despite the fact that it goes so well over the Braised Lamb Shanks with Thyme.” Read the full story


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New Obama Program Pays You to Burn Down Your House

Asheville, North Carolina (GlossyNews) — The poop on politics from Norbert B. Snortwhistle.

In his latest bid to pump up the economy before the 2012 election, President Obama introduced a new program, “Bucks for Burn Downs,” that will pay financially troubled homeowners to burn down their own homes. Read the full story


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India Plans Space Station Call Ctr., How May It Help You?

BANGALORE, INDIA (Glossy News) — India plans to launch its first manned space mission in 2016, moving to become the fourth nation to put a man in space (fifth if you count Russia and the USSR separately, which many cold warriors do) — but it comes with a peculiar pro-business twist.

The estimated cost for the single mission is currently at a reasonable $2.76 billion – or about $2.43 per Indian citizen (most of whom earn less than a dollar a year), given 2010 population statistics. Read the full story


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Labor Dept’s Latest Report Shows Stimulus Created a Job

Hope Springs, Maryland (GlossyNews) — On the campaign trail with Norbert B. Snortwhistle. In a triumphant moment for President Obama, the Labor Department’s newest monthly report showed that despite lingering high unemployment, the President’s stimulus program almost certainly created a job last month.

The President announced the Labor Department’s findings at a news event held in the suburban back yard of an unemployed Democratic fundraising consultant. Read the full story


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Budget Cutbacks Release Hoards of Idiot Nephews

NEW BRIGHTON, Pennsylvania (BNSE) — State and local law enforcement agencies were placed on high alert today as thousands of idiot nephews began massing around the state in the wake of massive layoffs from state agencies and local businesses due to severe budget cutbacks as a result of the slow economy.

“Oh, dear God… Dear God… This is bad… I mean real bad,” said an official spokesman for the Governor’s office before he broke down in tears. “We never thought it would come to this. None of us did. I mean, it was my mother, you know. She puts me on the spot right at Thanksgiving dinner about why I can’t get Willie a job. I just wanted to eat some turkey, dammit, and now Willie’s not penned up for eight hours a day at the DMV and I can’t reach my wife on the cell phone!.” Read the full story


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‘Frankenfish’ Salmon Attack Nudist Vacationers

TORREY PINES STATE PARK, California (GlossyNews) — The first deadly salmon attack on the California coast occurred early Wednesday afternoon. Giant, carnivorous salmon fatally attacked a nudist couple while honeymooning on the clothing-optional portion of Blacks Beach off the Pacific Coast. The couple was leisurely swimming when suddenly surrounded and attacked by a large school of genetically altered salmon; the salmon commonly referred to as “Frankenfish”.

The Torrey Pines State Park lifeguard reported hearing loud screaming followed by violent splashing at approximately 3:30 p.m. about 300 yards from the shoreline. Lifeguard Bobby Dicoco spotted the couple and immediately set out to rescue the couple while his assistant, Read the full story


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‘Canadian’ Quarter Leads to Terrorist Arrests at Unemployment Office

PHILADELPHIA, Pennsylvania (GlossyNews) — Agents from the Federal Bureau of Investigations, Department of Homeland Security, and SWAT teams from around the are descended on a local unemployment office after a random security sweep uncovered “terrorist paraphernalia” on several adults filing unemployment claims.

A high ranking FBI official confirmed dozens of arrests were made of persons possessing “components necessary for the construction of IED’s (Improvised Explosive Devices,)” Read the full story


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Infamous Miley Cyrus ‘Up Skirt’ Photo to Appear on Postage Stamp

The US Postal Service Postmaster General, Melvis P. Phelps, introduced the new Miley Cyrus Upskirt Postage Stamp to a mostly stunned and open mouthed crowd of reporters. Over the hushed crowd, he immediately tried to explain the importance of bringing newer, more youthful stamp collectors and users into the US Postal system.

“Look folks, with the newer generations of consumers, we have to try to approach things on their terms. They like seeing their movie actors and singing stars look like sluts, right?” Read the full story


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Stimulus Bonanza – Federal Reserve to Sell Vitamin Supplements

Jackson Hole, WY (GlossyNews): Mired with increasing signals of an unexpected economic slowdown and the possibility of a double dip recession, the Federal Reserve announced a series of “unconventional” programs it is prepared to undertake in order to stabilize the economy. Standing prominently among various initiatives including further quantitative easing, maintaining record law interest rates, and increased buying of sovereign dept, the Federal Reserve plans to begin selling a full line of vitamin supplements are part of a multi-level marketing campaign. Read the full story


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Forget Doomsday Prophecies; Beer Prices are Skyrocketing

SOMEWHERE, USA (GlossyNews) — Another Friday the 13th came and went without incident. It’s as if the Universe doesn’t take itself seriously anymore. Mars can run retrograde and Saturn can be humping Venus (relatively speaking of course) and still life goes on without so much as a blip.

Until now. Quietly staying behind in the shadows was the bad news of the century waiting its turn to slap the face of every serious beer guzzler out there. Thursday’s business section, August 12th, jumping the gun on every conceivable Friday the 13th doomsday scenario, “The price of a pint may be going up 40%!” Read the full story


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Economy Ramps Up – But Workers Have All Starved To Death

STURGIS, Mississippi (GlossyNews) — The bailout recovery has finally come full circle as the recipients have finally stabilized their companies and are ready to rehire their workers. A shock came about, however, when it was found out that most of their old workers had either starved to death or were homeless and couldn’t be found.

“It was surprising to us.” said Chief Investor Charles Fatbelly, speaking at the ‘Back On Top’ banquet for top Wall Street executives while munching on pheasant under glass. “I thought there was supposed to be a trickle down of some sort. Oh, well, we’ll just import some people from India.” Read the full story


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Poor Banned from Using Money

Today in the US the upper classes succeeded in getting a bill passed banning poor people from using money.

“Money is too good for them.” stated Raymond Emory III, a third generation trust funder, “They only spend it on the little things like food and shelter instead of wonderful things like jewelry or fabulous fashions.”

“The poor live at such a low level anyway.” quipped Ms. Nelly Riva, a photo model who gets paid 20 times her weight daily.

“They could just live off what we cast off and live on the edges of town and use our old boxes to build shanties. Let those of us with important jobs like modeling and selling cosmetics have all the money to use properly.” Read the full story


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Bjork, Pirates, Determined To Help Iceland Out of Economic Hardship

REYKJAVIK, Iceland (GlossyNews) — Pop singer Bjork (pronounced BEE-YORKKKKK, just like you are upchucking a bad pizza), always a fountainhead of new and eccentric ideas, has decided to help alleviate Iceland’s terrible economic problems.

Iceland, long a self reliant land, made a bad mistake by investing heavily in British stocks which plummeted in value during the current recession. Iceland teeters on bankruptcy. Read the full story


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